After showing a lack of direction early in the session, stocks have moved mostly lower over the course of the trading day on Wednesday. The major averages have all moved to the downside, with the Nasdaq and the S&P 500 adding to the losses posted in the previous session.
Currently, the major averages are off their worst levels of the day but still firmly negative. The Dow is down 482.34 points or 1 percent at 50,389.77, the Nasdaq is down 252.17 points or 1 percent at 25,426.66 and the S&P 500 is down 49.89 points or 0.7 percent at 7,336.76.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.